Polski Holding Nieruchomości S.A.

AGM Information • Jun 1, 2016

Current report No. 14/2016 of June 1, 2016

Changing the agenda of the Ordinary General Meeting of Shareholdersof PHN S.A. convened for June 22, 2016 at the request of an authorizedshareholder

Legal basis: Article 56.1.2 of the Act on Public Offering - currentand periodical information

The Management Board of Polski Holding Nieruchomości S.A. (the "Spółka")hereby informs that the Company today received a request from theTreasury regarding adding to the agenda of the Ordinary General Meetingof the Company, under Article 401.1 of the Commercial Companies Code, anitem providing for adopting resolutions on changes to the composition ofthe Company's Supervisory Board.

The Company therefore presents the amended agenda, in which item 11 isadded entitled "Adopting resolutions on changes to the composition ofthe Supervisory Board". The existing item 11 entitled "Closing theGeneral Meeting" is renumbered to 12.

Amended agenda:

1.Opening the General Meeting.2. Electing the Chairperson of theGeneral Meeting.3. Validating the convention of the General Meetingand its capacity to adopt resolutions.4. Adopting the agenda.5.Examining the Management Board's report on the Company's activities in2015, the Company's financial statements for 2015 and the ManagementBoard's motion on 2015 profit distribution.6. Examining theCompany Supervisory Board's review of the financial statements for 2015,the Management Board's report on the Company's activities in 2015, andthe Management Board's motion on 2015 net profit distribution.7.Examining the Management Board's report on the activities of the PolskiHolding Nieruchomości S.A. Group in 2015, and the consolidated financialstatements of the Polski Holding Nieruchomości S.A. Group for 2015.8.Examining the Company Supervisory Board's review of the consolidatedfinancial statements of the Polski Holding Nieruchomości S.A. Group for2015, and of the Management Board's report on the activities of thePolski Holding Nieruchomości S.A. Group in 2015.9. Examiningthe report on the activities of the Company's Supervisory Board in 2015.10.Adopting the resolutions concerning:a) approval of the Company'sfinancial statements for 2015;b) approval of the Management Board'sreport on the Company's activities in 2015;c) approval of theconsolidated financial statements of the Polski Holding NieruchomościS.A. Group for 2015;d) approval of the Management Board's report onthe activities of the Polski Holding Nieruchomości S.A. Group in 2015;e)distribution of FY2015 profit and setting the dividend record date anddividend payment date;f) granting discharge to Members of theCompany's Management Board for 2015;g) granting discharge toMembers of the Company's Supervisory Board for 2015.11.Adopting resolutions on changes to the composition of the SupervisoryBoard.12. Closing the General Meeting.In relation to theabove, the Company's Management Board attaches to this report theadditional draft resolutions to the new agenda including justification.

Legal basis: Art. 38.1 of the Regulation of the Minister of Financeof February 19, 2009 on current and periodical information published byissuers of securities and the conditions of recognizing informationrequired by the regulations of non-member states as equivalent (Journalof Laws [Dz.U.] 33, item 259).